Compagnie Generale des Etablissements Michelin - Company Profile
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Business Description
Compagnie Generale des Etablissements Michelin (Michelin) is a global leader in tire manufacturing and engineered materials. Michelin serves various industries, including automotive, road transportation, mining, farming, aerospace, and construction. As of December 2024, Michelin operated 128 production facilities, with a capital expenditure of EUR2,182 million in FY2024, a 2.4% year-over-year decrease.
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R&D Overview
Michelin R&D aims at continuous progress on improving tire performance and services for new generation tires and disruptive innovations for original solutions. It is focusing on advanced research, pre-development, and development activities, serving the company's strategy and its growth ambitions. The company is also focusing on innovating for the electric market, data, and services fields, and high-tech materials. It collaborates with small or large companies, start-ups, universities, research institutes and consortiums. In FY2024, the company has invested over EUR44 million in research partnerships globally. As of December 2024, the company had 12,000 patents worldwide and filed for 258 patents. In FY2024, the company spent EUR786 million on R&D, which as a percentage of revenue, stood at 2.9%.
Business Segments
- Automotive, Two-Wheel and Related Distribution
- Road Transportation and Related Distribution
- Specialty Businesses and Related Distribution
Overview
Includes products like premium tires for cars, two-wheel vehicles, and bicycles. In FY2024, its capital expenditure stood at EUR1,294 million, which grew 1.7% YoY.
Performance
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Overview
Focuses on providing tires and related services for trucks and other commercial vehicles. It serves industries such as logistics and freight transportation. In FY2024, its capital expenditure stood at EUR535 million, which decreased 7.3% YoY.
Performance
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Overview
Includes mining, beyond road, aircraft tire activities, and polymer composite solutions. it serves industries such as mining, aerospace, and construction. In FY2024, its capital expenditure stood at EUR353 million, which decreased 8.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Target Markets
Asian, Oceanic, South American, the Middle-Eastern, and African countries.
Performance
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